Markets closed higher compared to yesterday’s closing point. Brent crude oil prices fell below $100 a barrel which could have led to the rise.
Chemical stocks and pharma stocks rose the most today. IT stocks and realty stocks fell the most.
Global markets: US markets rose on Monday. Most Asian markets rose on Tuesday and most European markets traded in green (as of 6 pm IST).
News
The government approved Rs 10,000 crore for establishment of SME Growth Fund for direct equity investments in small and medium enterprises.
Indian auto retail sales rose 31.82% year-on-year to 25.37 lakh units in September 2026, as per data from Federation of Automobile Dealers Associations (FADA).
A special purpose vehicle called Integrated Transport & Logistics Authority was approved by the government to improve research, planning and monitoring in transportation and logistics.
The government signed a contract with BrahMos Aerospace Private worth Rs 661 crore to procure BrahMos Fire Control System and Launchers for Indian Navy ships.
Stock Updates
Marico: acquired another 24.09% stake in PLIX owner Satiya Nutraceuticals for Rs 1,012 crore, increasing its holding from 60% to 84.09%. It plans to acquire another 14.09% in July 2027.
Adani Power: signed an agreement with Bhutan’s Druk Green Power to jointly develop a 770 MW hydropower project in Bhutan, with Adani Power holding 49% in the project company.
HCLTech: HCL Group plans to invest Rs 500 crore to expand HCL IT City in Lucknow.
Zydus Lifesciences: partnered with MSN Laboratories to launch the first generic version of Bayer’s Adempas (a drug used to treat pulmonary hypertension) in the US. Adempas had global sales of about $850 million in 2025.
Godrej Consumer: subsidiary Godrej Consumer Products Indonesia inaugurated the first phase of a new manufacturing facility in Indonesia as part of a Rs 250 crore investment.
REC: subsidiary RECPDCL created three SPVs, for power-transmission projects. Each will later be transferred to the developer that wins the project.
Auto Updates
Maruti Suzuki: sales rose 24.4% year-on-year to 2.36 lakh units. Domestic sales stood at 1.81 lakh units and exports stood at 44,219 units.
M&M: sales grew 15% year-on-year to 1.15 lakh units. Domestic passenger vehicle sales grew 14% to 64,092 units while commercial vehicle sales grew 14% to 30,420 units.
Tata Motors Passenger: sales grew 15% year-on-year to 70,210 units.
Hyundai Motor: sales grew 10.8% year-on-year to 77,916 units including export sales of 20,750 units.
Eicher Motors: sales grew 8% year-on-year to 1.33 lakh units.
TVS Motor: sales grew 24% year-on-year to 6.72 lakh units. EV sales stood at 65,799 units.
Ashok Leyland: sales grew 28% year-on-year to 24,049 units.
Bajaj Auto: sales grew 5% year-on-year to 5.38 lakh units.
Tata Motors: commercial vehicle sales grew 42.4% to 51,062 units.
Word of the Day
Flagship
It is the highest profile, most premium product a company offers.
Most companies offer a range of products even within a certain category.
Example: different grades of steel, different cars, different electronics, etc.
The most premium and often most expensive of the lineup is called flagship.
Often, it is also the company’s most significant technical achievement.
6 Day Course
Theme: things investors should ignore
Day 2: Tuesday
Recent returns. Investors must not pay too much attention to the stock’s returns over a short period of time.
That can be affected by several different reasons that can have nothing to do with the company.
Example: a company’s share price could be moving up over the last 6 months due to market conditions only (and not because of the company’s own numbers).
Headlines and news is another source that confuses investors more than it helps.
The reality is that most companies are affected by some news or the other all the time.
Even the best of companies’ stock price never remains stable.
This doesn’t mean investors must ignore the news altogether either.
It’s just that they should not overreact or consume news looking for reasons to act.
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Featured Question
Q. “What is the difference between XIRR and CAGR”
CAGR measures the annualised growth rate between two points in time.
So, there’s a clear start date, and end date, and the amount invested does not change.
XIRR is different.
XIRR is used to know returns when there are multiple transactions (inflow and outflow).
Think of SIP.
In an SIP, money flows every month. And realistically speaking, investors might also withdraw money partially from time to time.
In such a case, XIRR is used.
CAGR = Compounded Annual Growth Rate
XIRR = Extended Internal Rate of Return
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